What Recessions / Layoff Reflects ?

Why “Copycat” Layoffs Won’t Help Tech Companies — Or Their Employees

Key Points

• Layoffs do not solve what is often the underlying problem, which is often an ineffective strategy
• Lincoln Electric - instead of laying off 10% of their workforce, they had everybody take a 10% wage cut - 100% of the pain to 10% of the people, they give 100% of the people 10% of the pain.
• Layoffs can increase the odds of suicide by two times or more open in a new window.
• Need to closely look - How much runway are we hoping to gain with the layoffs?

Questions among workers

• How were the layoffs decided? Some high performers were let go from our teams
• What metrics were used to determine who was laid off?
• Was the decision based on their performance, scope of work, or both, or something else?
• How much runway are we hoping to gain with the layoffs?
• Would you explain clearly what the layoff allows Google to do that Google could not have done without layoffs?
• Responsibility without consequence seems like an empty platitude. Is leadership forgoing bonuses and pay raises this year? Will anyone be stepping down?
• Hint of recession = excuse to break promises/reestablish dominance over workers

Ref - Link1, Link2, Link3

One day suddenly there is huge news of recession.

What could be the reason?

• Reduced Customer demands?
• Suddenly project priorities change?
• Leadership did not gauge markets?
• We could not innovate according to customer needs?
• Suddenly we do not have projects for the Team?
• Always question your roadmap, It has to be always retrospective?
• Know what you work, Why you work, and How it connects the dots?
• Job gap does not mean skill gap, fitment for the job, skills everything has to be looked into
• Keep Learning, Be open to new ideas, projects

There was no natural calamity, war has come down, covid has just crossed. People are returning back to normal. The profits made during the covid times now suddenly there is a change of priority. Somehow I find it hard to digest demands that have come down.

The mid-career crisis with family is going to be difficult. For people with kids/families and the trauma to recover is going to be difficult.

Let GPT Summarize my emotions

Layoffs are a difficult and unfortunate reality of the business world. They can be caused by a variety of factors, including economic downturns, changes in the industry, or restructuring. Regardless of the cause, layoffs can be devastating for employees and can have a lasting impact on morale and productivity.

Bad leadership can also have a negative effect on morale and productivity. Poor communication, lack of direction, and lack of trust can all contribute to a toxic work environment. This can lead to a decrease in motivation and a decrease in productivity. Additionally, bad leadership can lead to a lack of respect for employees, which can further damage morale and lead to a decrease in productivity.

Overall, layoffs and bad leadership can have a significant impact on an organization. It is important for leaders to be aware of the potential consequences of their decisions and to take steps to ensure that employees are treated with respect and that morale is kept high.

Keep Thinking!!!